How Many Grams is a Gold Lira Coin?

The Turkish gold Kurush, commonly referred to as the quarter lira coin, has an impressive history. Containing half an ounce of pure gold, these coins are prized both numismatically and intrinsically for their beauty.

These pieces were produced at the dawn of modern unified Italian monarchy, when Victor Emmanuel II served as Duke of Savoy before becoming King of Italy in 1878. On their obverse is depicted Emmanuel of Savoy who also eventually went on to become King.

Weight

JM Bullion is proud to offer Italy’s historical 20 Lire gold coin as legal tender, which holds intrinsic, numismatic and historical value. These fractional coins contain.1867 Troy oz of gold. Each face value coin carries 20 Lire.

Gold coins from Italy make an excellent investment and retirement portfolio addition, provided all relevant rules are followed. Furthermore, these pieces may even be placed in individual retirement accounts (IRA).

These coins feature on their obverse side a portrait of Italy’s reigning king at the time of minting; depending on the year this may feature Victor Emmanuel II or Umberto I. Their reverse side shows off Italy’s coat of arms featuring its national seal with crown on crossed shield with denomination inscribed below it.

Measurement

Gold coins in Italy’s 20 Lira size are immensely popular. Containing one fifth of an ounce of pure gold, these beautiful pieces boast intrinsic, numismatic, and historical value making them an invaluable addition to retirement, investment or coin collection portfolios.

Italian 20 Lira gold coins feature the reigning monarch of Italy on their obverse side, produced at mints across Florence, Milan, Naples and Turin beginning production in 1861, just after Italy became unified. At first these coins featured King Victor Emmanuel II until his death in 1878 whereas between late 1878 and 1900 Umberto I oversaw colonial expansion across Africa as well as triple alliance agreements between Germany, Austria-Hungary and Italy.

On the reverse of this coin is displayed the national coat of arms for Italy surrounded by olive and oak branches – this design also serves as its denominational representation.

Denomination

Once legal tender in Italy, these coins have since fallen into history but still hold great historical, intrinsic, and numismatic value – making them popular with collectors and precious metal investors alike.

These fractional gold coins feature the portrait of Victor Emanuel, who became King of Italy after its unification in 1861. On the reverse is Italy’s coat of arms with olive and oak branches enclosing its shield.

However, these coins do not meet the IRS requirement of 99.5% gold purity for inclusion into an IRA account, so they are generally not seen as prudent investments for this type of account. However, collectors still seek them out due to their unique appeal and they make an ideal addition to a collection of vintage gold coins from all over the world.

Value

The gold lira coin was issued to commemorate Italy’s unification, featuring its reigning king on its obverse. Until 2002 when its face value was replaced by that of the euro, this legal tender coin served as legal tender within Italy.

Even though they no longer carry face values in Italian Lire, these coins retain their intrinsic, collector’s, and historical value. Their premium stems from being an ancient gold bullion piece with significant historical value; its gold content alone is worth over $200 at current spot market prices.

As such, these Italian 20 Lire gold coins are appealing to many precious metal investors and collectors. Though not suitable for an IRA account due to lack of high purity standards required by IRS approved IRAs, they make an ideal addition for non-IRA retirement accounts as well as world coin collections.


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